Draghi answers questions from reporters
- Forecast revisions go 'in the right direction'
- Corporate bond purchases were not discussed. They're a more remote possibility now than 6 months ago
- The forward guidance on interest rates is unchanged
- The news on inflation remains somewhat muted
- Did not discuss cutting link to the guidance between QE and inflation
- Guidance on interest rates will gain importance
Draghi hasn't given any kind of hint about stronger inflation. The euro hit the highs of the day on higher growth forecasts but has spilled down to 1.1824 from 1.1860 because he hasn't followed that up with a signal on higher inflation, aside from 'more confidence'.
